The stakeholder approach to the firm: a practical way forward or a rhetorical flourish?

Leslie Hamilton (Lecturer at Leeds Metropolitan University, Leeds, UK)
Thomas Clarke (DBM Professor of Corporate Governance at Leeds Metropolitan University, Leeds, UK)

Career Development International

ISSN: 1362-0436

Publication date: 1 April 1996

Abstract

Discusses the recent interest in a stakeholder approach as an alternative approach to competitive individualism in organizations. Examines the economic philosophy which underpins the traditional view of shareholder primacy and explores whether the approach is viable and realistic in contemporary circumstances. Concludes that in future, the stakeholder approach may be a commercial necessity.

Keywords

Citation

Hamilton, L. and Clarke, T. (1996), "The stakeholder approach to the firm: a practical way forward or a rhetorical flourish?", Career Development International, Vol. 1 No. 2, pp. 39-41. https://doi.org/10.1108/13620439610114333

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Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

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